Honest Buildings, the only project management platform built for owners and backed by owners, has launched a new capital planning tool that lets teams collaboratively create and track capital plans, and leverage real-time and historical insights to improve accuracy — ultimately allowing owners and investment managers to better deploy capital and create more value at their assets. It is a cloud-based, real-time forecasting and analysis tool for smarter capital planning and deployment.
Designed for commercial real estate owners and investment managers, the Honest Buildings capital planning tool will create value in the following ways:
- Improve organizational-wide performance: Dramatically reduce the time it takes to create, maintain and report on capital plans collaboratively and in real time.
- Reforecast instantly: Analyze past data, current projects, and future planned spend in a single consolidated view.
- Drive better decision making: Increase forecasting accuracy and reduce risk by leveraging a database of structured project costs.
“We are continuously focused on creating value for owners, which means optimizing the way they manage their capital spend to build and reposition assets. We believe the key to this is in the way capital is deployed, and with the new Honest Buildings capital planning tool, owners can be focused on managing and creating value at their assets — instead of managing spreadsheets,” said Riggs Kubiak, CEO and co-founder of Honest Buildings.
The capital planning tool is being launched with Beacon Capital Partners, its first user, and will be rolled out widely to all customers this fall.
Following the recent close of Honest Buildings’ Series B round of $30 million, this launch will further scale the company’s impact on progressing the urban landscape by empowering collaborative, data-driven decision making for commercial real estate owners.
